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Mahindra Finance Credit Underwriter salaries in India

Annual salary range
2 - 7 years exp.
₹2.2 Lakhs - ₹8.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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16% more than the average Credit Underwriter Salary in NBFC Companies for 2 - 7 years of experience

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Salaries in different departments

Risk Management & Compliance
Credit Underwriter Salary
5 - 7 years exp. (3 salaries)
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₹7.7 L/yr - ₹9.4 L/yr

Customer Success, Service & Operations
Credit Underwriter Salary
2 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹2.4 L/yr

Last Updated: 6 Jan 2025

Companies similar to Mahindra Finance for Credit Underwriter

Company name Avg Annual Salary Open Jobs
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Bajaj Finance Credit Underwriter Salary

2 - 9 years exp. (16 salaries)

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₹3 L/yr - ₹6.8 L/yr

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HDFC Bank Credit Underwriter Salary

0 - 8 years exp. (142 salaries)

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₹3 L/yr - ₹10.5 L/yr

arrow icon 28% more
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Shriram Finance Credit Underwriter Salary

0 - 9 years exp. (7 salaries)

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₹2.8 L/yr - ₹3.3 L/yr

arrow icon 45% less
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L&T Finance Credit Underwriter Salary

4 - 9 years exp. (5 salaries)

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₹3.4 L/yr - ₹8 L/yr

arrow icon 18% less
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₹3.5 L/yr - ₹4.1 L/yr

arrow icon 33% less
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Edelweiss Credit Underwriter Salary

2 - 3 years exp. (4 salaries)

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₹3.1 L/yr - ₹8.4 L/yr

arrow icon 7% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 31% less
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₹3 L/yr - ₹4.6 L/yr

arrow icon 38% less
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IIFL Finance Credit Underwriter Salary

1 - 8 years exp. (8 salaries)

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₹2 L/yr - ₹4.6 L/yr

arrow icon 42% less
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₹3 L/yr - ₹5.4 L/yr

arrow icon 32% less
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₹4.3 L/yr - ₹7 L/yr

arrow icon 11% less
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₹3.6 L/yr - ₹7.5 L/yr

arrow icon 3% more
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Aavas Financiers Credit Underwriter Salary

0 - 2 years exp. (4 salaries)

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₹2.4 L/yr - ₹3.5 L/yr

arrow icon 45% less
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Poonawalla Fincorp Credit Underwriter Salary

0 - 6 years exp. (4 salaries)

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₹1.9 L/yr - ₹6.4 L/yr

arrow icon 22% less
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TVS Credit Credit Underwriter Salary

0 - 8 years exp. (3 salaries)

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₹1.2 L/yr - ₹4.8 L/yr

arrow icon 37% less
Credit Underwriter salary at Mahindra Finance ranges between ₹2.2 Lakhs to ₹8.5 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance.

Latest annual salaries shared by Mahindra Finance Credit Underwriter

3d ago
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7 years exp.
6mo ago
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6 years exp.
7mo ago
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2 years exp.
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5 years exp.

Experience wise Mahindra Finance Credit Underwriter salaries

Last Updated: 6 Jan 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.7 L/yr
5 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹8.5 L/yr
6 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹8.5 L/yr
View all

Similar Designation salaries in Mahindra Finance

Credit Officer Salary
(36 salaries)
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₹1.5 L/yr - ₹3.58 L/yr
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₹1.6 L/yr - ₹3.5 L/yr
Credit Analyst Salary
(12 salaries)
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₹3.25 L/yr - ₹10 L/yr
Credit Manager Salary
(85 salaries)
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₹2.78 L/yr - ₹13 L/yr
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₹5.45 L/yr - ₹14 L/yr
Branch Manager Salary
(161 salaries)
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₹2.05 L/yr - ₹9.1 L/yr
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₹7.13 L/yr - ₹9.66 L/yr
Sales Officer Salary
(56 salaries)
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₹1.1 L/yr - ₹4.56 L/yr
Deputy Manager Salary
(290 salaries)
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₹4 L/yr - ₹12 L/yr
Chief Manager Salary
(41 salaries)
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₹15 L/yr - ₹30 L/yr

Salary related reviews for Mahindra Finance

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 20 Dec 2024

2.0
 for  Salary and Benefits

Likes

Nil

Dislikes

...MFSL is terrible. In the past 5 years from mar 2020 lots of dislikes happened i.e changes in salary stucture, poor increment, management changes, insecurity in job, etc.,

read more

Full Time

 · 

Finance & Accounting Department

5.0
  •  posted on 29 Oct 2024

5.0
 for  Salary and Benefits

Likes

...nt is preety good here. Ambience, work desk , cafeteria everything is top notch. Even the salary gets credited 2-3 days before the month ends.

read more

Dislikes

So far no issues.

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 31 Jul 2020

1.0
 for  Salary and Benefits

Likes

Nothing that i like about this company. They have deducted huge part of the salary (Fixed + Variable) of the employees. They have rather ditched us during the COVID 19 lockdown by deducting such a huge amount from our packages. Facing economic difficulties now due to this problem. No one is there to address to our grievances.

read more

Dislikes

...ed targets, Last years appraisals not done with an excuse of COVID 19 impact. Huge salary cuts from existing package which has taken us 4-5 years back in terms of or career path. Blocked huge amount of salary till March 2021 so that nobody can leave the company. Career growth here is horrible.The one with good references internally can grow within the system. Lot of politics going on around the work place. Employee opinion on innovation and work related ideas is least considered. Travel expenses,Telephone expenses,Petrol/diesel expenses are stopped. Employees paying from their own pocket.

read more

BFSI, Investments & Trading Department

2.0
  •  posted on 28 Jun 2022

1.0
 for  Salary and Benefits

Likes

There are no lines except some work life balance. That too is deteriorating offlate.

Dislikes

...ponent. It may or may not provide Performance Pay depending on many variables. New recruits be careful while negotiating salary. The HR will tell Performance Pay is assured and is paid almost certainly. Don't believe that. This is not true. Ask for increment on Fixed, not overall CTC. Just because they mention Performance Pay on offer letter CTC, there is no assurance, that they have to give you. Lots of politics and partiality over Performance. The company used to be good. Not anymore after 2019. HR is meaningless and can't help with anything. Off role employees (colleagues) were laid off with just 15 days salary. Not a professional organisation. Lots of Management issues.

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BFSI, Investments & Trading Department

5.0
  •  posted on 26 Jan 2022

5.0
 for  Salary and Benefits

Likes

Full job security, But Your appraisal judge by company's points of view, not what rating and score given to you by your reporting manager and his boss, Companies HR is for only the name, No any Respect for Appraisal Rating

read more

Dislikes

Working culture is good, you can get retirement here , but with lowest salary, there is no any waitege for your appraisal ratings

read more
see more salary related reviews

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Mahindra Finance Credit Underwriter Salary FAQs

What is the salary of Credit Underwriter at Mahindra Finance?
Credit Underwriter salary at Mahindra Finance in India ranges between ₹2.2 Lakhs to ₹8.5 Lakhs for experience between 2 years to 7 years. According to our estimates it is 16% more than the average Credit Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Mahindra Finance India.
How does the salary of a Credit Underwriter at Mahindra Finance India compare with the average salary range for this job?
The average salary of a Credit Underwriter at Mahindra Finance is 16% more than the average salary of a Credit Underwriter in India. To know exact salary insights, login to view.
Which similar companies are paying more than Mahindra Finance to a Credit Underwriter in India?
  • HDFC Bank Credit Underwriter Salary - ₹3.0 Lakhs to ₹10.5 Lakhs per year
  • Edelweiss Credit Underwriter Salary - ₹3.1 Lakhs to ₹8.4 Lakhs per year
  • Tata Capital Housing Finance Credit Underwriter Salary - ₹3.6 Lakhs to ₹7.5 Lakhs per year
What is the salary of a Credit Underwriter in companies similar to Mahindra Finance in India?
  • PNB Housing Finance Credit Underwriter Salary - ₹4.3 Lakhs to ₹7.0 Lakhs per year
  • Bajaj Finance Credit Underwriter Salary - ₹3.0 Lakhs to ₹6.8 Lakhs per year
  • L&T Finance Credit Underwriter Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
  • Poonawalla Fincorp Credit Underwriter Salary - ₹1.9 Lakhs to ₹6.4 Lakhs per year
  • Sammaan Capital Limited Credit Underwriter Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
What is the estimated take home salary of a Credit Underwriter at Mahindra Finance in India?
The estimated take-home salary of a Credit Underwriter at Mahindra Finance ranges between ₹42,061 per month to ₹43,195 per month in India. The take-home salary calculation is based on the average Mahindra Finance Credit Underwriter salary in India which ranges between ₹2.2 Lakhs to ₹8.5 Lakhs per year for employees with experience between 2 years to 7 years. Check how did we calculate take home salary?
What is the notice period for Credit Underwriter at Mahindra Finance?
According to AmbitionBox, 50% of the Mahindra Finance Credit Underwriters reported a notice period of More than 3 months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Mahindra Finance Credit Underwriter salary in India ranges between ₹2.2 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Mahindra Finance latest salaries received from various employees of Mahindra Finance.